Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 05650790 T Langton D McArthur D Riley Chapman Worth Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05650790 2023-12-31 05650790 2024-12-31 05650790 2024-01-01 2024-12-31 05650790 frs-core:CurrentFinancialInstruments 2024-12-31 05650790 frs-core:BetweenOneFiveYears 2024-12-31 05650790 frs-core:FurnitureFittings 2024-12-31 05650790 frs-core:FurnitureFittings 2024-01-01 2024-12-31 05650790 frs-core:FurnitureFittings 2023-12-31 05650790 frs-core:MotorVehicles 2024-12-31 05650790 frs-core:MotorVehicles 2024-01-01 2024-12-31 05650790 frs-core:MotorVehicles 2023-12-31 05650790 frs-core:PlantMachinery 2024-12-31 05650790 frs-core:PlantMachinery 2024-01-01 2024-12-31 05650790 frs-core:PlantMachinery 2023-12-31 05650790 frs-core:CapitalRedemptionReserve 2024-12-31 05650790 frs-core:SharePremium 2024-12-31 05650790 frs-core:ShareCapital 2024-12-31 05650790 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 05650790 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05650790 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 05650790 frs-bus:SmallEntities 2024-01-01 2024-12-31 05650790 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 05650790 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 05650790 frs-bus:Director1 2024-01-01 2024-12-31 05650790 frs-bus:Director2 2024-01-01 2024-12-31 05650790 frs-bus:Director3 2024-01-01 2024-12-31 05650790 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 05650790 frs-countries:EnglandWales 2024-01-01 2024-12-31 05650790 2022-12-31 05650790 2023-12-31 05650790 2023-01-01 2023-12-31 05650790 frs-core:CurrentFinancialInstruments 2023-12-31 05650790 frs-core:BetweenOneFiveYears 2023-12-31 05650790 frs-core:WithinOneYear 2023-12-31 05650790 frs-core:CapitalRedemptionReserve 2023-12-31 05650790 frs-core:SharePremium 2023-12-31 05650790 frs-core:ShareCapital 2023-12-31 05650790 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 05650790
Phoenix Control Systems Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05650790
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 46,818 51,239
46,818 51,239
CURRENT ASSETS
Debtors 5 1,290,026 757,185
Cash at bank and in hand 247,822 827,784
1,537,848 1,584,969
Creditors: Amounts Falling Due Within One Year 6 (458,514 ) (534,929 )
NET CURRENT ASSETS (LIABILITIES) 1,079,334 1,050,040
TOTAL ASSETS LESS CURRENT LIABILITIES 1,126,152 1,101,279
PROVISIONS FOR LIABILITIES
Deferred Taxation (11,705 ) (12,810 )
NET ASSETS 1,114,447 1,088,469
CAPITAL AND RESERVES
Called up share capital 7 250,000 250,000
Share premium account 2,000 2,000
Capital redemption reserve 60,000 60,000
Profit and Loss Account 802,447 776,469
SHAREHOLDERS' FUNDS 1,114,447 1,088,469
Page 1
Page 2
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
T Langton
Director
15 September 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Phoenix Control Systems Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05650790 . The registered office is 67 D3 Innovation Drive, Milton Park, Abingdon-On-Thames, Oxfordshire, OX14 4RQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% straight line
Motor Vehicles 25% straight line
Fixtures & Fittings 25% straight line
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 38 (2023: 35)
38 35
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 January 2024 81,325 75,718 124,407 281,450
Additions 603 - 12,332 12,935
As at 31 December 2024 81,928 75,718 136,739 294,385
Depreciation
As at 1 January 2024 70,275 48,599 111,337 230,211
Provided during the period 5,053 3,375 8,928 17,356
As at 31 December 2024 75,328 51,974 120,265 247,567
...CONTINUED
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Net Book Value
As at 31 December 2024 6,600 23,744 16,474 46,818
As at 1 January 2024 11,050 27,119 13,070 51,239
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,241,795 718,529
Other debtors 48,231 38,656
1,290,026 757,185
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 160,401 35,316
Other creditors 146,211 381,735
Taxation and social security 151,902 117,878
458,514 534,929
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 250,000 250,000
The share capital comprises 220,000 ordinary shares of £1 each, 10,000 ordinary B shares of £1 each and 20,000 ordinary deferred shares of £1 each.  
The ordinary B shares are non voting shares. The ordinary deferred shares are non voting shares and have no entitlement to dividends.
8. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year - 17,171
Later than one year and not later than five years 88,721 108,192
88,721 125,363
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